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Malta Budget 2022

Monday 22 October 2018 marks the presentation of the 2019 budget of this government aimed at stimulating economic growth, reducing government debt and delivering a budget surplus year on year.

Cryptocurrency is digital or ‘virtual’ money, which uses cryptography to secure its transactions, to control the creation of additional currency units, and to verify the transfer of assets. Cryptography itself describes the process by which codes are written or generated to allow information to be kept secret.

Grant Thornton is committed to giving back to the local community by supporting organisations whose shared goal is to improve the lives of individuals from all walks of life. As part of their ongoing Corporate Social Responsibility efforts, Grant Thornton Malta’s team has recently collected €1,000 which is going towards efforts of the local Down Syndrome Association in its mission to promote awareness about Down Syndrome.

The percentage of businesses around the world with at least one women in senior management has increased significantly, rising from 66% in 2017 to 75% in 2018. However, at the same time the proportion of senior roles held by woman has marginally declined.

Malta’s rating has been raised to A3 positive from A3 stable by credit rating agency Moody’s – the highest it has ever been - following an audit published last Summer. DBRS also improves Malta's credit rating to high.

Malta government has launched a consultation paper covering the framework relating to distributed ledger technology, ICOs and cryptocurrency exchanges and wallet providers dealing in such assets.

The protection of personal data is harmonized within the EU by the General Data Protection Regulation (GDPR) replacing the previous Data Protection Directive. What are the main changes?

Blockchain.com CEO and founder Peter Smith has recently stated that within 24 months we will see the emergence of a government-backed digital currency.

The Malta Financial Services Authority (MFSA) has revised the application process for collective investment schemes in Malta and introduced new application packs for Professional Investor Funds (PIFs), Alternative Investment Funds (AIFs) and Undertakings for Collective Investments in Transferable Securities (UCITS).